Are new concert halls worth it?

Here is a good NYT article, and here is my favorite part:

“This is all redistributing people’s expenditures from one activity to another,” said David Galenson, an economist at the University of Chicago who focuses on the arts.

Cowen, a professor of economics at George Mason University and the
author of “Good and Plenty: The Creative Successes of American Arts
Funding,” said there was little solid research measuring the economic
impact of arts centers on a city, although there was for sports
stadiums. Such research shows no benefit for a city’s growth, he said,
adding that he was skeptical about economic claims for new concert

“The glorious tales are typically exaggerations,” said
Mr. Cowen, who also contributes a monthly economics column to The New
York Times.


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